Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[deepcolderwallet]

Is there something that LTC /Charlie Lee has missed ?

Exactly.
Congrats for you memory accuracy. I remember after a few days (maybe weeks) after SegWit activation on LTC the price dropped to 10+ mBTC. That's when I bought some and made huge profit selling for 20+mBTC. But the price only skyrocketed to 20+mBTC when Charlie Lee announced resignation from Coinbase to actively get back to LTC project.
Many posted here it was an event not related, although I believe that was the trigger to rise LTC price to double.

Flo has a total market cap of 14 million.  BTC trades every day 1.4 billion, so how is it having that effect.

My thought on litecoin rising was its benefitted as the general idea of segwit is in the news as valid proposal for bitcoin.   It kinda lends authority to litecoin that its already got it working and litecoin is even cited in the reasoning of some pools for proceeding with the larger market.
I see the volume traded for Litecoin in value exceeds bitcoin, at least today

Actually IMO it's about Charlie Lee resign from Coinbase to focus on Litecoin development. https://news.bitcoin.com/charlie-lee-resigns-from-coinbase-to-focus-on-litecoin

Actually IMO it's about Charlie Lee resign from Coinbase to focus on Litecoin development. https://news.bitcoin.com/charlie-lee-resigns-from-coinbase-to-focus-on-litecoin

one guy changing his job pulls in millions of extra pump? sheesh. it don't take much these days.

AFAIK he's the creator of Litecoin, isn't he? If it's true it really matters. Imagine Satoshi coming back to defeat Jihan-Ver evil empire?

[deepcolderwallet]

And the price dip after the Winklevoss ETF denial was much more brief and more shallow than most ppl expected (unless I misremember), so yeah I suppose it would count.

I bought the top. $1200 by that time. Was one of my first big moves in Bitcoin. Had to wait 2 months to believe in it again. An eternity for someone who came from ForEx.

So could this be the same thing leading up to Aug 21? Yeah, I suppose it could. Although it doesn't seem to me that Aug 21 will be as big an event from a trading perspective as bip141 lock-in. The former is guaranteed (now), the latter was not until shortly before it happened.

It's not much revealing. BIP141 lock-in means nothing if a big mess occurs around 8 days from here and the real Bitcoin supported by Core gets the lesser share of hashrate.

What big mess are you talking about? SW has been thoroughly tested, unlikely to cause problems.

I suppose you're referring to the fact that bitcoin core 0.15.0 will be disconnecting nodes which run segwit2x but I can't find when that's supposed to happen ...

The mess I'm referring is the split. I have no doubt about SW testing and it's reliability.

[JayJuanGee]

Not the best timing, but I have BTC/USD short open from $4041. Target is low $3000's.

Where have you placed the stop loss?

I adjust it based on market movement. Since we've made $3880, SL is now at $4201.

If price goes above $4100 again, based on market movement I suggest you adjust it at low $5000's.

I covered at $3840. Re-shorting this pop here. I don't hold my trades very long.

You must be crazy to short this market. I have seen countless of people blow up their accounts.

Remember in late 2014, there were quite a few articles and talking points about "how to short the bitcoin".. and surely shorting had been very profitable in 2014; however, the bottom had largely been reached by the end of 2014, even though in 2015 BTC was pretty flat, so there was not really major advantages to shorting or longing in 2015.. until the end of 2015, when BTC moved from $250 to $500, and thereafter, it became much more difficult to short bitcoin and make profits.  We probably did not recognize for sure that we were out of the bear market until about May 2016 when prices broke above $500 into the $700s and largely stayed above $500 ever since (except for the temporary bitfinex blip).... only a mere 15 months ago.. how times fly in cryptolandia.

Sure, some folks can make money in any market, but it certainly helps to somehow figure ways to work with the trend.

[deepcolderwallet]

But sincerely... Lady Starks is an ugly beast compared to the hot teenager V8 introduced me (virtually).

Are you sure ? http://www.flickriver.com/photos/joi/tags/elizabethstark/ (last chance ... ).

Sorry bro.

The blonde lady would always be the first choice.

[BTCtrader71]

did somebody order up a cup and handle?

yes, with 5 shots of espresso

https://www.tradingview.com/chart/BTCUSD/VqrLQuby-Russian-Doll-five-nested-cup-and-handle-pattern/

[Meuh6879]

Sorry bro.
The blonde lady would always be the first choice.

You're Welcome.








Can we plan a stabilisation ?





Miners prepare something ... 

[bitserve]

This is very bullbish:

 https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/#62308c403b08

[bitserve]

This is very bullbish:
 https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/#62308c403b08

LOL. ((( They ))) are scared.

Not all of them.... Look at these guys:

https://www.coindesk.com/45-million-ukrainian-lawmakers-reveal-big-bitcoin-holdings/

They do have way more Bitcoins than you do

And I would be they are not "early adopters". Or maybe yes: http://blog.trendmicro.com/trendlabs-security-intelligence/dimtry-golubov-politician-or-cyber-criminal/

It's an ackward news. Not sure if bullish or not, but worth posting it for sure.

[Last of the V8s]

https://motherboard.vice.com/en_us/article/7xxbwz/toronto-just-got-its-first-ethereum-atms

[JayJuanGee]

[edited out]

Yes, the SegWit will trigger some unexpected software bug but the SegWit will be finally activated in 14days not 8days.  The price of bitcoin is sightly pumping up though.

Suzanne... sounds like you have been spending too much time on r/btc with your seemingly uninformed speculation about the supposed "bugs of segwit" 

Regarding our current status of "slightly pumped up bitcoin", you could be correct that we have to see the extent to which there remains decent buying support for BTC at this level.  I am tentatively thinking that currently there is a pretty decent chance that current ongoing buying support is likely to push us into the $4800 to $6800 territory before it starts to possibly be reasonable that bitcoin is "due for" a 35% to 50% price correction.

Sure, we are all speculating to some degree - however, your unfounded speculation about segwit supposed "bugginess" will likely lead you to conclusions that are much more erroneous than another person who does not suffer from such wishful thinking r/btc delusions.

[deepcolderwallet]

This is very bullbish:

 https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/#62308c403b08

Come on!
How can a full retarded have a voice in a world famous magazine?

This is why almost none of us should own Bitcoins.  Bitcoin value has multiple weaknesses.  Someone could hack the blockchain, create more Bitcoins and manipulate the value, or sell the illegitimate Bitcoins and abscond with the buyers' dollars.  

And then the linked url to "hack the blockchain" takes the reader to

One of the Biggest Ethereum and Bitcoin Exchanges Got Hacked
Robert Hackett
Jul 05, 2017
Hackers have stolen user data and money from Bithumb, one of the top five biggest Ethereum and Bitcoin cryptocurrency exchanges, the company said Friday.

For the fucks's sake! The shitty exchange was hacked, NOT THE BLOCKCHAIN!
This ruminant asshole should be sued for spreading such a misinformation!

[BlindMayorBitcorn]

I'm in yer blockchain, haxx0ring yer coinz.

[bitserve]

I'm in yer blockchain, haxx0ring yer coinz.

I will sell you my illegitimate Bitcoins and abscond with yer dolla.

Ok, enough... stop making fun out of the guy, don't you see he is retarded?

[JayJuanGee]

And the price dip after the Winklevoss ETF denial was much more brief and more shallow than most ppl expected (unless I misremember), so yeah I suppose it would count.

I bought the top. $1200 by that time. Was one of my first big moves in Bitcoin. Had to wait 2 months to believe in it again. An eternity for someone who came from ForEx.

I bought at the top too in late November 2013.  $1,200 off of local bitcoins  1.24 BTC for $1,500.  I was not disgruntled by that event because I continued to buy about .1BTC per week for the next year or two, and by the the time, I began to sell(really trade) I had brought my average price per BTC down to $500-ish - and I was selling (trading) at $250 and higher from a conceptual BTC stash that I had acquired at a price that was below $250 for that portion of the stash.

Sure, I was disappointed by the nearly two year downtrend in BTC prices - however, such downtrend should not have been completely unexpected, especially since at the end of 2013, bitcoin had already gone through 2 exponential price curves - and through the combination of those two price explosions, it had gone up more than 100x... so it would be silly to be disgruntled by the downturn, or even to buy a whole bunch at the top and then not have a plan in order to attempt to bring down your cost per BTC or have some other reasonable strategy.

So could this be the same thing leading up to Aug 21? Yeah, I suppose it could. Although it doesn't seem to me that Aug 21 will be as big an event from a trading perspective as bip141 lock-in. The former is guaranteed (now), the latter was not until shortly before it happened.

It's not much revealing. BIP141 lock-in means nothing if a big mess occurs around 8 days from here and the real Bitcoin supported by Core gets the lesser share of hashrate.

What are the odds of hashpower not going towards segwit mining?  You really believe that miners want to kill the golden goose and take chances on some kind of pie in the sky unproven approach  of attempting some renegade fork of mining power?  Could happen, sure.. lot's of speculation about this, but what are the odds? would such 51% attack be sustainable - especially if only coming from miners and no one follow their dumbasses?

[jojo69]

Ok, enough... stop making fun out of the guy, don't you see he is retarded?

please...differently abled   

[JayJuanGee]

Ugh..
Meuh... You know that since your failed Monarchy-Thread experiment I'm not really a fan of you. But sincerely... Lady Starks is an ugly beast compared to the hot teenager V8 introduced me (virtually).

ah leave him alone everything worked out in the end.

also on closer inspection i think i confused her with some other kid. she seems quite er old enough. my mistake. carry on...

I think that Meuh is really great as a poster in this thread and other threads.. much better than his attempt to be a possible WO thread leader...  but pretty low bar there, no? 

[JayJuanGee]

And the price dip after the Winklevoss ETF denial was much more brief and more shallow than most ppl expected (unless I misremember), so yeah I suppose it would count.

I bought the top. $1200 by that time. Was one of my first big moves in Bitcoin. Had to wait 2 months to believe in it again. An eternity for someone who came from ForEx.

So could this be the same thing leading up to Aug 21? Yeah, I suppose it could. Although it doesn't seem to me that Aug 21 will be as big an event from a trading perspective as bip141 lock-in. The former is guaranteed (now), the latter was not until shortly before it happened.

It's not much revealing. BIP141 lock-in means nothing if a big mess occurs around 8 days from here and the real Bitcoin supported by Core gets the lesser share of hashrate.

What big mess are you talking about? SW has been thoroughly tested, unlikely to cause problems.

I suppose you're referring to the fact that bitcoin core 0.15.0 will be disconnecting nodes which run segwit2x but I can't find when that's supposed to happen ...

an August 1, 2018 disconnection according to discussion in this post, and then discussion in the linked github article.

https://www.reddit.com/r/Bitcoin/comments/6sbacg/bitcoin_core_0150_will_automatically_disconnect/

[Torque]

This is very bullbish:

 https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/#62308c403b08

Come on!
How can a full retarded have a voice in a world famous magazine?

Another fkn idiot author going with the Dutch Tulip comparision again. But ironically, there are exactly zero articles on the web comparing the SNAP IPO stock to Dutch tulips. Because that would be a pretty dead-on accurate comparison.

Hmmm... maybe I should write one?

Also notice that the more Bitcoin's price soars, the more these negative articles hit the web. They'll be screaming "tulip bulbs" all the way up to 200K. The next two decades will be hilarious.

[spiderbrain]

This is very bullbish:

 https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/#62308c403b08

I'm not saying bitcoin can only go up from here, but we will enjoy laughing at Adam Hartung some day. He obviously has no idea how bitcoin works, and hasn't bothered to talk to anyone who does.  

[Elwar]

This is very bullbish:

 https://www.forbes.com/sites/adamhartung/2017/08/15/a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one/#62308c403b08

Come on!
How can a full retarded have a voice in a world famous magazine?

Another fkn idiot author going with the Dutch Tulip comparision again. But ironically, there are exactly zero articles on the web comparing the SNAP IPO stock to Dutch tulips. Because that would be a pretty dead-on accurate comparison.

Hmmm... maybe I should write one?

Also notice that the more Bitcoin's price soars, the more these negative articles hit the web. They'll be screaming "tulip bulbs" all the way up to 200K. The next two decades will be hilarious.

It sucks that understanding Bitcoin also involves a 2 month market movement on some speculation that happened a few hundred years ago.

The fact that they always have to bring up that small window of the market means they are trying to push an agenda and had to search all of history to find something that fit their narrative.